Market drops like ROCK! KUDLOW says DUH!

reagansghost said:
Dow now off 600 pts
tarriffs work.......to bankrupt farmers and retailers
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How are they going bankrupt? Currently it is -680.66 points which is a mere 2.6% of the market. How much does anyone want to bet me it will go back to where it was prior to the tariff war?
 
The Rumppers wont care, they are already mostly poor and uneducated. The rich ones already got their tax break.
 
Phantasmal said:
My liberal friends are freaking out over the drop. We are all retired.
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I thought you leftists hated capitalists and big fat cats on wall street. a 2.6% drop in the market isn't sending ONE investor to the poor house. Your anecdotal bullshit is always...well, bullshit.
 
Phantasmal said:
Bill Maher, that rich, he’s a comedian that gets his laughs from saying outrageous things. This is your perception and one that is wrong. My liberal friends are freaking out over the drop. We are all retired.
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You can make up to $17k/yr on top of your S.S. check with no penalty. Just get a part-time job.
 
Centerleftfl said:
Of course he didn't SAY DUH, everyone knows DUH, he DID SAY it will affect American markets and AMERICANS WILL PAY FOR IT. Not China (not even Mexico).

Trump's own economics adviser just shot down his misleading claim that US consumers won't pay for the tariffs in the China trade war
Tom Porter May 13, 2019, 6:15 AM

Larry Kudlow, Fox News Sunday

In an interview with "Fox News Sunday," the White House economics adviser Larry Kudlow said that US consumers would pay for the new tariff hikes on Chinese goods.Fox News Sunday
President Donald Trump's top economics adviser, Larry Kudlow, said on Sunday that "both sides will suffer" in the escalating trade war between the US and China.

The remarks contradict Trump's claim that China will foot the bill for increased tariffs on $200 billion worth of Chinese goods imposed by the US on Friday.

In a report last week, the consultancy firm Trade Partnership found that US consumers would be forced to spend up to $800 more a year on average for essential items as a result of the escalating trade war between Washington and Beijing.
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Most of those deals were with signed contracts years go and have not expired. You're not going to see an $800 increase on them any time soon.
 
Yurt said:
You almost make me not want to use the Mobile app just so I can thank your posts.

You had me at mummy, btw....
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ya, that was a little something for our brit friends.

thanks for your support, man. im a pariah in my own irl world. woe is me. the price we pay for truth is high.
 
climate+equality said:
https://thereformedbroker.com/2016/...government-ever-has-led-to-a-financial-crash/
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It's a hack web site created by a hack. Grow a brain and do some real research for yourself instead of parroting the lame nonsense you seem to prefer.

Here's your first clue: You can, of course, argue correlation vs causation about the below, and that’s fine.

Let me translate that passage for you; "of course I am avoiding facts that actually caused these economic downturns, but I am here to make a partisan point so facts do not matter."
 
Truth Detector said:
It's a hack web site created by a hack. Grow a brain and do some real research for yourself instead of parroting the lame nonsense you seem to prefer.

Here's your first clue: You can, of course, argue correlation vs causation about the below, and that’s fine.

Let me translate that passage for you; "of course I am avoiding facts that actually caused these economic downturns, but I am here to make a partisan point so facts do not matter."
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Deregulation, high interest rates and inflated values of assets lead to downturns.
 
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